# GoldMint DAO - War Chest "War Chest" is the term we will reference for the reserves set aside or built up within the GoldMint ecosystem. As noted above, one of the key problems GoldMint hopes to solve is how to make gold a sustainable, stable asset in which to earn long-term, reliable yield in the blockchain space. In addition, what happens after reward emissions cease, and how does the protocol continue to reward community participants after that time, is a major question. We believe the GoldMint DAO War Chest can be the answer, and help provide GoldMint Community participants with a place for stable, low volatility, long-term yield. At initiation, from Genesis pool through a twenty-four (24) month time period, the DAO War Chest will exist with three primary functions in mind. These functions are; 1) provide long-term crypto asset-backed stability for Gold Mint and Gold Mint Share tokens, 2) work in conjunction with the GoldMint protocol to help GLDM maintain its 1/31 peg to PAXG, and 3) acquire asset-backed synthetic Gold pegged tokens, initially Pax Gold (PAXG), to help assist in War Chest growth. Over the first 2 years (24 months), the DAO War Chest will be initiated with the Genesis Pool via the first 1/24th of two-year emissions. War Chest growth will then proceed over 2 years (24 months) in an “accumulation & support” phase, where the War Chest accumulates assets for growth while continuing to support the GoldMint protocol and help GLDM maintain its 1/31 peg to PAXG. **During the first 2 years (24 months), through varying mechanisms, the War Chest will start to initially accumulate the following tokens:** Synthetic Gold Tokens: PAXG, etc. Stablecoins: USDC, DAI, FRAX, etc GLDM, SGLDM, GoldMint LP tokens As well as other crypto assets. During initiation and through 24 months, the DAO War Chest will continue to accumulate the tokens as outlined above, in harmony with the overall health and in support of the GoldMint protocol. **Over this time period components of the War Chest will be used to achieve the following goals, which may vary in importance and precedence over the course of time:** • Earn yield to further grow the War Chest • Support the GoldMint Protocol to help decrease volatility and maintain 1/31 GLDM to PAXG peg. • Provide liquidity funding for ongoing DAO War Chest operations and participation. • Work in conjunction with the GoldMint protocol in expansion-related project rollouts (hint…think Silver Mint Token!!!!) **A**t or around the 24-month time frame, and when SGLDM token emission ceases, the DAO War Chest will functionally transition out of the “accumulation & support” phase and into the “yield generation & support” phase. This “yield generation & support” phase will then continue, indefinitely, from that time onward. At this time, the DAO War Chest will ideally have a composition of 50% PAXG, and 50% other assets (as outlined above). After the 24-month time frame, the primary goal for the DAO War Chest protocol is to continue to accumulate PAXG (or similar synthetic gold-backed pegged assets), while at the same time producing yield (or providing a “dividend” style token) to LP providers, token holders, and community participants. The DAO War Chest will also continue as one of its goals, in an ongoing fashion, to support the GoldMint protocol to help maintain a 1/31 GLDM to PAXG peg. Also in an ongoing fashion, the DAO War Chest will attempt to increase the War Chest holdings to greater than 50% PAXG, which will ensure that its value continues to increase, in a stable fashion, perpetually. Equally important, at or around this 24-month time period, control and governance of the DAO War Chest will be transitioned. Specifically, governance over the protocol and its ongoing direction at that time will be accordingly transferred to token holders and a mechanism of ongoing decentralized control will be established, which will govern from that point forward. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://goldmintfi.gitbook.io/whitepaper/main-protocol/goldmint-dao-war-chest.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.